Ronan Lyons: Absence of bubble doesn't mean market is healthy

Ronan Lyons: Absence of bubble doesn't mean market is healthy

Despite population growth of almost 5 per cent in just five years, housing stock has barely budged

There are six key forces that have driven Irish house prices over the last 40 years. We can set to one side the least interesting of the six, the general price level – if the price of everyday items has trebled since the 1980s, then you would expect the price of housing to do the same.

The five other factors are the ones that economists focus on when thinking about real (ie inflation-adjusted) housing prices. There are...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post